FBC Holdings (FBC) is actively pursuing opportunities in renewable energy financing, mainly solar power projects in its quest to bridge energy gaps across the country.This dovetails with ongoing efforts by the private sector and the government to switch to sustainable energy sources.“The group understands the immense potential of renewable energy and its crucial role in…
AFRICAN Sun expects the ongoing efforts to streamline its asset portfolio to yield better efficiency and boost profitability.This comes as the group seeks to overturn a US$0,69 million loss recorded in the financial year ended December 31, 2024.The hospitality group has been channeling a significant chunk of resources towards hotel refurbishments while selling its bigger…
GOVERNMENT’s consideration to grant national project status (NPS) to Invictus Energy (Invictus)’s Cabora Bassa venture in northern Zimbabwe will open up significant financial incentives and capital inflows, the group has said.The Australian energy firm is currently exploring natural gas and condensate in the Cabora Bassa basin as well as preparing to start a gas-to-power project…
SEED Co Limited (Seed Co) reported a 59 percent decline in sales volumes in the first quarter to June 30, 2025 due to weaker export orders from the African region.The significant percentage change was attributed to a high base effect from the previous year. Last year, Seed Co’s maize seed sales outstripped the budget, benefitting…
COCA-COLA says it has seen an increase in sales driven by the return of its “Share a Coke” campaign, with a strong uptake among younger consumers.The campaign, officially relaunched in Harare last Friday, swaps the iconic Coca-Cola logo on bottles and cans for popular first names, nicknames, and phrases — inviting consumers to share the…
DIVERSIFIED agro-industrial concern Ariston Holdings (Ariston) is pursuing strategic cost-cuttings which includes, automation of operations and a staff rationalization program as it seeks to boost margins and return to profitability.The group is battling high operational inefficiencies which resulted in gross margins weakening by 10 percentage points to 22 percent in the six months ended March…
TREASURY says remittances are projected to increase by 4,9 percent to US$2,7 billion in 2025 from US$2,6 billion in 2024, sustaining a positive current account balance.Minister of Finance, Mthuli Ncube, said this comes as remittances increased by 7,1 percent to US$635,2 million in the first quarter of 2025, from US$593,2 million in the comparable period…
CABINET has approved a wide-ranging review of licences, permits, levies and fees in the agriculture sector in line with the mid-term budget ethos of reducing the cost of doing business in the country.The development comes as business players are grappling with a plethora of taxes, combined with a difficult regulatory framework, stifling business growth.Information minister…
AUTHORITIES are projecting a significant boost in direct investment, with inflows expected to exceed US$600 million in 2025.The increase is set to be driven primarily by the energy, mining, and manufacturing sectors, which are identified as the main recipients of the capital. Last year, foreign direct investment into the country declined by 6,4 percent to…
GOVERNMENT will facilitate funding of the Small and Medium Enterprises Development Corporation (SMEDCO) by the private sector to complement constrained budgetary support.SMEDCO is a state-owned entity that exists to promote the development of SMEs.Limited access to affordable and patient capital continues to hinder the growth of SMEs by restricting their ability to invest in crucial…
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